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Q: When average cost is at its minimum then marginal cost will be?

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NTERSECTS

When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost

relation ship between average cost and marginal cost

Ur probably in Farzads class... hah xD

When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve.

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NTERSECTS

When average variable costs equal to the average marginal cost, the average variable cost will be at the minimum point. i.e. lowest cost

There is marginal cost and there is average cost but a marginal average cost makes no sense.

it is at its minimum

relation ship between average cost and marginal cost

Ur probably in Farzads class... hah xD

When the marginal cost is below the average total costs or the average variable costs,then the AC would be declining.When marginal cost is above the average cost then the average cost would be increasing.Therefore the marginal cost should intersect with the average cost at the lowest point in order to pull the average cost upwards.

as a marginal cost is the cost of the next product produced, if this is less than average cost, when you continue to produce more products the lower marginal cost will have an affect on the average and cause it to fall.

When average total cost curve is falling it is necessarily above the marginal cost curve. If the average total cost curve is rising, it is necessarily below the marginal cost curve.

Marginal cost - the derivative of the cost function with respect to quantity. Average cost - the cost function divided by quantity (q).

a. monopoly profit is maximized. b. marginal revenue equals marginal cost. c. the marginal cost curve intersects the total average cost curve. d. the total cost curve is at its minimum. e. Both A and B

Marginal Cost will keep increasing (have upward slope) because of the principle of diminishing marginal returns. The MC curve above the its intersection with AVC is the Supply Curve *because below minimum AVC, the firms stops production)

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